Argentina’s Central Bank Sees Shift to Higher-Yielding Fixed Deposits
The Argentine financial system has quietly reshaped itself since last October’s election victory, with savers and lenders abandoning traditional bank accounts for higher-yielding alternatives—and regulators scrambling to keep pace. In April alone, deposits in digital wallets and money-market funds surged 5.2% in real terms, even as traditional transactional money (M2) shrank 1.1%, signaling a structural … Read more